Post Utme Aaua 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A company prepares a trading account for the year ended December 31, 2022. The company's sales for the year were ₦500,000, and the company's purchases for the year were ₦400,000. What is the company's gross profit for the year?

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Aaua 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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